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CDC Group to hold 15% in NBFC arm, have board seat: IIFL

Reacting to the news Nirmal Jain, Chairman of IIFL, said that the non-banking finance arm constitutes 70 percent of the business. "The NBFC is a wholly-owned subsidiary where the focus in on home loans," Jain said, adding that it is also targeting affordable housing.

first published: Jul 20, 2016 06:39 pm

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